Item 2. Properties
ITEM 2 PROPERTIES
Our principal executive office is in Doral, Florida. In addition to our headquarters, we have the following operating locations:
Facility:
Primary purpose:
Reporting Segment:
·
Goodyear, Arizona
Aircraft MRO, Storage, Modification and Disassembly
TechOps
·
Roswell, New Mexico
Aircraft MRO, Storage, Disassembly, and Distribution
TechOps and Asset Management Solutions
·
Millington, Tennessee
Aircraft MRO, Flight Control Surfaces and Disassembly
TechOps
·
Rio Rancho, New Mexico
Landing Gear MRO
TechOps
·
Doral, Florida (1)
Corporate Headquarters, Engineered Solutions Operations, and Flight Equipment Asset Management
Corporate, Asset Management Solutions, and TechOps
·
Miami, Florida
Engineered Solutions Operations, Hydraulic, Pneumatic, PMA Operations, and Electro-Mechanical Component MROs
TechOps
·
Hialeah Gardens, Florida
Flight Control Surfaces
TechOps
·
Memphis, Tennessee
USM Sales and Distribution
Asset Management Solutions
·
Dublin, Ireland
Flight Equipment Asset Management
Asset Management Solutions
To support our growth and long-term business goals, we have expanded our operational facilities;
(1) In October 2024, we relocated our corporate headquarters to Doral, Florida as we commenced a new lease expiring in 2035. This location features over 35,000 square feet of office space, allowing us to consolidate multiple support functions that were previously distributed across multiple facilities.
Our Goodyear, Arizona, Roswell, New Mexico, and Millington, Tennessee facilities are on airport locations at the Phoenix Goodyear Airport, Roswell International Air Center, and Millington – Memphis Airport, respectively, and are FAA-authorized repair station operations centers focusing on airframe aircraft maintenance and storage. Combined, they feature over 760,000 square feet of hangar space with a capability of dry desert long-term storage for up to 650 aircraft. In addition to having airframe maintenance service offerings at these facilities, we have three FAA-authorized repair station operations in our Rio Rancho, New Mexico, Miami, Florida, and Hialeah Gardens, Florida facilities that provide component MRO service offerings. Collectively, these facilities support the operations of our TechOps segment.
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We primarily distribute USM parts from our dedicated distribution warehouse located in Memphis, Tennessee, in addition to on-site bulk storage capacity at our Roswell, New Mexico facility. These facilities collectively provide more than 500,000 square feet of available space to efficiently manage our Flight Equipment inventories and facilitate support of our customers’ urgent spare part requirements with non-stop delivery capacity to destinations worldwide. Combined, these facilities support the operations of our Asset Management Solutions segment.
ITEM 3 LEGAL PROCEEDINGS
From time to time, we are subject to litigation incidental to our business. The information set forth under “Litigation” under Note R – Commitments and Contingencies within our Consolidated Financial Statements is incorporated herein by reference.
ITEM 4 MINE SAFETY DISCLOSURES
Not applicable.
PART II